Goldman Sachs initiated coverage of Flutter Entertainment (FLUT) with a Buy rating and $320 price target The firm said that new player cohort analysis for FanDuel reveals why the firm sees upside to Flutter’s 2027 guidance. The transformation of U.S. earnings drives Flutter’s EBITDA to nearly double organically in just the next three years and then grows at a high-teens percentage thereafter, the analyst tells investors in a research note. The firm added that it continues to see few stocks in Europe or the U.S. with over $40B in market cap and compounding EBITDA at over 20% CAGR which trade at this valuation.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FLUT:
- Flutter Entertainment PLC Continues Aggressive Share Buyback
- Flutter Entertainment PLC Advances Share Buyback Strategy
- Flutter Entertainment Advances $5 Billion Share Buyback
- Flutter Entertainment Launches Major Share Buyback Program
- Bet On It: Sportsbooks wary of Q4 outlook following unfavorable outcomes